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Maju Assets upbeat on RM1-3b Sg Besi project
 
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Maju Assets upbeat on RM1-3b Sg Besi project
Apr 27, 2011
NSTP
Maju Assets Sdn Bhd, the property arm of diversified Maju Holdings Sdn Bhd, is upbeat its RM1-3 billion mixed development in Sungai Besi, Kuala Lumpur will appeal to buyers- The project, called Infinity, is in planning stage and will be launched by the end of next year- It will comprise a four-star hotel, officer towers, serviced apartments and retail, sprawled on 6ha- Maju Asset managing director, Adam Radlan Adam Muhammad (left) said the project will be attractive because of its concept, location and connectivity- Radlan said in an interview with Business Times in Kuala Lumpur recently that the company is targeting domestic and foreign buyers to take up a pool of properties by en bloc, and sale of individual units-"When we buy land, we make sure the area has good connectivity- We find that this is what buyers wants- As a developer, we have to look into that," he said- "All our projects are devoted to creating developments of unrivalled quality in the country's most desirable locations, and adhering to the concepts of sustainability and community," he added- Infinity, when completed in about three years, will have access to Sungai Besi Highway, Bukit Jalil Highway, Kuala Lumpur-Putrajaya highway and Kuala Lumpur-Seremban expressway- Radlan said Maju Assets will spend RM25 million to improve the access to these highways as well as build a flyover from the Seremban highway exiting Kuala Lumpur- Maju Assets also has 6ha in Sg Besi earmarked for an industrial project- It will be launched by mid-2012- Radlan said the company plans to build warehouses and medium-sized factories with modern facilities, targeting multinational companies and local small and medium enterprises- "The southern part of Kuala Lumpur is booming- A lot of property developers such as YTL Group are heading there- So we are bullish on both the projects," Radlan said- ...

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